Things Mall Development Project

Project Overview

A Real-World Asset (RWA) investment anchored by Suwon Tings Mall-a 20,483-pyeong mixed-use complex (B5~9F) near Suwon Station. The strategy acquires a 97%-complete unfinished building, completes construction, then leases and sells units housing CGV, wedding conventions, dining halls, and more. Investment sought: KRW 115B | Pre-tax projected return: KRW 91.8B (29.8% ROI) | Developer: UNT Holdings | Financial arranger: Heungkuk Securities.

Business Overview

The Suwon Things Mall Development Project is a real-world asset (RWA) investment opportunity involving the acquisition and development of a 20,483-pyeong mixed-use entertainment mall located just a 4-minute walk from Suwon Station. The property spans B5 to 9F and features strong demand-driven tenants, including a nine-theater CGV cinema, a 1,500-seat wedding convention center, themed dining zones, premium clinics, an English education village, a large karaoke complex, and various fashion and lifestyle brands.With construction progress at 97% and building registration completed, the project is scheduled for completion in July 2024 and a grand opening in August, enabling rapid stabilization and early cash-flow generation. The property holds an official appraisal value of KRW 210 billion, with a post-completion estimate of KRW 300 billion, ensuring solid collateral security. A financing arrangement of approximately KRW 120 billion has been secured through Heungkuk Securities, with an expected post-completion refinancing exit of around KRW 200 billion.Projected presale revenue reaches KRW 308.6 billion with pre-tax profit of KRW 91.8 billion, representing an IRR of 29.79%. The project provides a high-yield, asset-backed, and low-risk structure aligned with global RWA investment trends.